Web Trader MT5 
The Dow Jones Industrial Average hit a record high on Friday after Fed Chair Powell hinted at potential rate cuts in September during his speech at the Jackson Hole symposium. In his speech, Powell referenced sweeping changes in tax, trade and immigration policies, noting that the balance of risks appear to be shifting between employment and price stability goals.
Markets interpreted these comments as signaling a likely rate cut at the September 16-17 FOMC meeting. The remarks drove stocks higher and Treasury yields lower. Dow Jones jumped 1.89% to 45,631, the S&P 500 gained 1.51% to 6,467, and the Nasdaq 100 rose 1.58% to 23,508. Tech stocks surged as well. Nvidia rose 1.7% to $178 , Meta rose 2%, Alphabet and Amazon over 3%, and Tesla jumped 5.8% to $340
After Powell’s speech, September rate cut probability increased to 87% from 75%, according to CME’s FedWatch.
The crypto market also benefited from the hints at changing the monetary policy of the Fed. Ether reached a new record high over the weekend after Friday’s all-time high since 2021.
The cryptocurrency peaked at $4,954 Sunday. Meanwhile, bitcoin fell to $110,779, erasing Friday’s gains and hitting its lowest since July 10.
Today, U.S. equity futures were mostly flat in early trading following Dow’s record highs as investors awaited Nvidia earnings. Dow futures dipped 0.12%, S&P 500 futures fell 0.09%, and Nasdaq 100 futures declined 0.1%.
This week, traders await Friday’s July PCE index, the Fed’s preferred inflation measure. Markets expect core PCE to show 2.9% year-over-year growth, compared to June’s 2.8%.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.
